Judy Flint owns and operates Derby Advertising Services. On January 1, 2011, Judy Flint, Capital had a
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Judy Flint owns and operates Derby Advertising Services. On January 1, 2011, Judy Flint, Capital had a balance of $290,000. During the year, Judy invested an additional $100,000 and withdrew $40,000. For the year ended December 31, 2011, Derby Advertising Services reported a net income of $93,750. Prepare a statement of owner’s equity for the year ended December 31, 2011.
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Statement of Owners Equity For the Year Ended December 31 2011 Capital January 1 2011 290000 Inv...View the full answer
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